SunEdison Shares Jump as Company Discloses Financing Talks
- Discussions include potential $650 million second lien
- Talks include existing investors and lenders, company says
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SunEdison Inc. climbed almost 10 percent after saying it’s been in talks about securing new financing, in the latest twist for a company that’s seen shares soar and plunge amid questions about its spending and acquisitions.
The world’s biggest renewable-energy developer has been in talks about potential funding since Dec. 10, including discussions about a second lien worth as much as $650 million, according to a regulatory filing today. SunEdison rose 9.8 percent to $5.92 at the close of today’s holiday-shortened trading session.